London Property prices impact from 50% tax

[George Soreass]

Do you think the hedge fund circus will leave town now with these tax hikes??

450-500k for a 2 bed in East London .... surely this'll halve when London financial district retreats to nothing because of the hedgies leaving

 

[Trader333]

You are making some very large presumptions and bear in mind that this government will be gone in just over a year when everything will change again. If I were in London and affected by this I would wait until after the result of the General Election.


Paul

 

[anley]

The property market doesn't revolve around 'hedge funds'. They were just used by lazy journalists to pad out any story. Nothing like a glitzy name to spice up an article.

Like any business, there are only a few right at the top earning millions, the vast majority of people who work for hedge funds will earn under £100k a year.

 

[George Soreass]

Hedge funds being in London has a HUUUUUUUUUUUGE impact on property prices in London

that's like saying lazy journalists have invented a wacky theory that house prices in Hollywood are correlated to the film industry

 

[N Rothschild]

yeh i here out of the 6 million or so people most of them work at a hedge fund.